1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership reduced its stake in Hess Midstream LP ( NYSE:HESM – Free Report ) by 72.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 165,757 shares of the company’s stock after selling 430,391 shares during the quarter.
Arrowstreet Capital Limited Partnership’s holdings in Hess Midstream were worth $6,138,000 at the end of the most recent reporting period. A number of other large investors have also added to or reduced their stakes in HESM. apricus wealth LLC grew its position in Hess Midstream by 1.
4% in the fourth quarter. apricus wealth LLC now owns 18,500 shares of the company’s stock valued at $685,000 after acquiring an additional 250 shares during the last quarter. Teamwork Financial Advisors LLC grew its holdings in shares of Hess Midstream by 2.
2% during the 4th quarter. Teamwork Financial Advisors LLC now owns 13,035 shares of the company’s stock valued at $483,000 after purchasing an additional 286 shares during the last quarter. Oppenheimer Asset Management Inc.
increased its position in Hess Midstream by 2.6% during the 4th quarter. Oppenheimer Asset Management Inc.
now owns 11,857 shares of the company’s stock worth $439,000 after purchasing an additional 298 shares in the last quarter. Hardy Reed LLC lifted its stake in Hess Midstream by 5.3% in the 4th quarter.
Hardy Reed LLC now owns 8,990 shares of the company’s stock valued at $333,000 after purchasing an additional 450 shares during the last quarter. Finally, South Street Advisors LLC boosted its position in Hess Midstream by 7.8% in the fourth quarter.
South Street Advisors LLC now owns 6,250 shares of the company’s stock valued at $231,000 after buying an additional 450 shares in the last quarter. Institutional investors and hedge funds own 98.97% of the company’s stock.
Wall Street Analysts Forecast Growth HESM has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Hess Midstream from $40.00 to $42.
00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Raymond James upped their price objective on Hess Midstream from $42.00 to $45.
00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Citigroup lifted their target price on shares of Hess Midstream from $41.00 to $44.
00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Hess Midstream from $39.
00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, March 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock.
According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.00.
Insider Buying and Selling at Hess Midstream In other news, major shareholder Blackrock Portfolio Management sold 11,000,000 shares of Hess Midstream stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $39.11, for a total value of $430,210,000.
00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Hess Midstream Price Performance HESM stock opened at $36.
12 on Tuesday. The company has a market capitalization of $7.87 billion, a P/E ratio of 14.
50 and a beta of 1.14. Hess Midstream LP has a 52-week low of $32.
75 and a 52-week high of $44.05. The business has a 50-day simple moving average of $41.
09 and a two-hundred day simple moving average of $38.23. The company has a debt-to-equity ratio of 7.
85, a quick ratio of 0.70 and a current ratio of 0.70.
Hess Midstream ( NYSE:HESM – Get Free Report ) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
65 by $0.03. Hess Midstream had a net margin of 14.
92% and a return on equity of 54.59%. Research analysts expect that Hess Midstream LP will post 2.
5 EPS for the current fiscal year. Hess Midstream Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, February 6th were given a $0.
7012 dividend. This is a positive change from Hess Midstream’s previous quarterly dividend of $0.68.
The ex-dividend date was Thursday, February 6th. This represents a $2.80 annualized dividend and a yield of 7.
77%. Hess Midstream’s payout ratio is currently 112.45%.
Hess Midstream Company Profile ( Free Report ) Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.
See Also Want to see what other hedge funds are holding HESM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hess Midstream LP ( NYSE:HESM – Free Report ). Receive News & Ratings for Hess Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hess Midstream and related companies with MarketBeat.
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